News & Events zu Solana Co (HSDT)HSDTSolana Co

Webull to Launch Crypto-Linked Perpetual Futures in November

As bitcoin, ethereum and other cryptocurrencies see major legal, institutional, and technological developments, the financial landscape continues to adapt. Stay up on the crypto news that matters with the "Crypto Currents" weekly from The Fly. Also, join us for your essential daily recap, every day at 2 PM ET on FlyCast radio.WEBULL TO DEBUT CRYPTO-LINKED PERPETUAL FUTURES:Webullannounced Tuesday it will offerstarting in November, expanding its derivatives offering through access to a growing asset class through a regulated platform. Webull's perpetual futures will be listed on KalshiEX, a CFTC-regulated Designated Contract Market, and cleared through Kalshi Klear, a CFTC-regulated Derivatives Clearing Organization. Webull will begin rolling out perpetual futures in November, with broader availability anticipated before year-end. The initial offering will include bitcoin and other crypto assets, with additional products to follow, subject to applicable regulatory review and exchange listing requirements."Perpetual futures have become a significant part of global derivatives markets, with annual volume reaching more than $90T in 2025," said Anthony Denier, Group President and U.S. CEO. "As this market continues to grow, we believe U.S. investors should have access to perpetual futures through a regulated platform they already know and trust, bringing a product with significant global adoption into the U.S. regulated futures market."SOFI LAUNCHES SOFI EARN TOKENIZED DEPOSIT:SoFi Technologiesannounced Thursday thefor consumers. SoFi members can now earn interest on digital dollars while keeping them ready to use, representing the company's fifth new crypto offering in less than a year. Each SOFIE represents $1 held on deposit at SoFi Bank, earning 4.40% APY with funds FDIC-insured up to applicable FDIC limits. When members are ready to put those funds to work, they can convert SOFIE 1:1 to SoFiUSD, then use the SoFiUSD to buy crypto directly in the SoFi app or move money over blockchain rails 24/7."Too much money in the digital asset ecosystem is sitting idle, leaving massive potential earnings on the table for millions of people," said Anthony Noto, CEO. "We believe your money should keep working for you until the moment you need it. SoFi Earn combines the earning power and protections of a bank deposit with the speed and utility of digital assets, giving people more value, flexibility and control over their money."Truist lowered the firm's price target on SoFi to $16 from $19 and kept a Hold rating on the shares as part of a broader research note updating the firm's models while previewing Q3 earnings among Payments and Fintech names. For the group as a whole, the setup is complicated, as the U.S. macro backdrop remains constructive, though the firm is wary of a slowdown in European consumer spending and the adverse impact of higher rates, the analyst said.COINBASE, THUNES PARTNER FOR STABLECOIN INFRASTRUCTURE:Coinbaseannounced Monday that the company isto connect its stablecoin infrastructure with Thunes' global fiat payout network. Coinbase will power Thunes' stablecoin infrastructure, while Thunes will expand Coinbase's payout reach to local bank accounts and mobile wallets. Together, the companies will support cross-border payments across enterprise supplier payments, gig worker payouts, and international remittances. The company said, "By bringing together Coinbase's stablecoin solutions and Thunes' global payout network, we're connecting digital asset infrastructure with the local financial systems people and businesses use every day. The goal is straightforward: connect stablecoin money movement with the payout options recipients already use."The company also announced Thursday that Coinbase Ireland Limited has cooperated with the Central Bank of Ireland to reach a settlement over its historic safeguarding practices, including the outsourcing of certain safeguarding operations. Under the settlement, CBIE will pay a EUR 3.25M fine.SOLUNA, APPLIED DIGITAL TO DEVELOP AI DATA CENTER:Soluna Holdingsannounced Wednesday that it has entered into awith Applied Digital Corporationto develop a planned 50 MW critical IT data center for AI and HPC at Project Dorothy 3, Soluna's development site near Silverton Texas and the Briscoe Wind Farm. Under the agreement, Soluna is expected to contribute a portion of the Dorothy 3 site, including land and power-related project assets, to the project company, and Applied is expected to provide capital to support the development of the project. Following the closing of the transactions, Applied is expected to hold a 51% interest in the project company, and Soluna is expected to hold the remaining 49% interest. The closing of the transaction is subject to the satisfaction of certain conditions precedent, including the approval of a tax abatement for the project in Briscoe County, Texas, receipt of title policies, obtaining certain corporate approvals, successful negotiation and execution of the operating agreement for the project company, definitive leases, power agreements and other definitive agreements, and other customary conditions. The transactions are expected to close by the end of the calendar year."We have said for a long time that the constraint in AI is energy access, not chips," said John Belizaire, CEO. "We built Soluna to bring load to the generation, so the power would be ready when the demand arrived. Partnering with Applied at Dorothy 3 puts that strategy to work: our site and wind power, combined with a proven builder and operator of AI data centers. We look forward to completing the remaining steps, including the tax abatement process in Briscoe County, and to bringing this project forward with the local community."Rosenblatt lowered the firm's price target on Soluna to $2 from $4 and kept a Buy rating on the shares. Soluna's new joint venture with Applied Digital is "an important first step" in the transition from Bitcoin hosting to HPC leasing, said the analyst, who lowered estimates with the reduced economics, but believes this deal is "a key positive" for Soluna shares.KALSHI, BITGO LAUNCH HODL MARGINING:BitGo Holdingsand Kalshi Prime announced Thursday thethat enables eligible customers to fund fiat margin obligations with crypto holdings, without first selling any crypto assets. BitGo Bank & Trust, National Association, an OCC-regulated digital asset trust bank and subsidiary of BitGo, is the first custodian to join the new network. The HODL Margining network enables eligible customers of Kalshi Prime, the CFTC-registered futures commission merchant, to borrow against digital assets held in qualified custody at BitGo Bank & Trust, or any other custodian participating in the network, to fund margin for perpetual futures and other eligible margin products traded on KalshiEX."We're building a next generation FCM at Kalshi Prime. That means listening to our customers and providing what they need, adapting our model to how they actually hold and manage assets," said Jeff Bandman, CEO of Kalshi Prime. "We've always been crypto friendly, and HODL Margining is a great example of being customer focused: digitally native customers can fund their margin without having to sell their existing holdings. We see this as an exciting practical step in marrying the regulated CFTC framework with on-chain innovation."BitGo Holdings also announced Wednesday the launch of BitGo Labs, a research and innovation unit with a single charge to explore and build the next breakout application for digital assets. The company said, "BitGo Labs' earliest focus is at the intersection of AI and crypto. AI is advancing from chatbots to autonomous agents that research, negotiate, hire, and buy on the open internet. We believe the AI economy needs crypto financial infrastructure to process micropayments, instantly settle, and safely secure trillions of dollars in assets. Traditional financial technology cannot support this next leg of innovation, but BitGo can. At every step toward artificial general intelligence, new ways will open for people to contribute and earn. BitGo Labs believes some of crypto's most important use cases will be found here - and that they are still waiting to be built."OTHER CRYPTO NEWS:Circle Internet, Proof announceBitdeerreportsAI cloud pipeline of 333.5 MWStrategypurchasesreports USD reserve of $4.83B as of October 18, price target raised to $211 from $201 at Clear StreetBitmine ImmersionreportsDeFi DevelopmentaddsStrivepurchasesas of October 16Hyperscale Datareportsreaffirms FY27 revenue guidance of $300M-$350MGalaxy Digitalprice target loweredat Piper Sandler, to $36 from $46 at MaximPiper Sandler lowers Hut 8price targetRiot PlatformstoMara HoldingstoCleanSparkinitiatedSuper Leaguestockholders approve Metaplanet2,100BNB StandardappointsIRENestablishesOlenoxreportsunveils three-phase plan to power, expand BTC mining fleetSolana Companyselected asFoldlaunchesCRYPTO STOCK PLAYS:Publicly traded companies in the space include Bit Digital, Coinbase, Core Scientific, Mara Holdings, Strategy, Riot Platforms and TeraWulf.PRICE ACTION:As of time of writing, bitcoin was roughly flat this week at $81,800 in U.S. dollars, according to CoinDesk.

Solana Company Designated as Strategic Enterprise by Hong Kong Government

Solana Company (HSDT) announced that it has been designated as a strategic enterprise by the Hong Kong government's Office for Attracting Strategic Enterprises. The office, established in 2022 to attract companies of strategic importance to Hong Kong, has brought in more than 140 strategic enterprises to date, including Pfizer, GSK, Roche, Dassault Systemes, DiDi and MiniMax. Solana Company is the only blockchain infrastructure company onboarded by the office in 2026, and is part of its seventh batch of strategic enterprises, announced at a signing ceremony in Hong Kong. Solana Company has established an office in Hong Kong that will serve as its headquarters and base of operations for its executive team to lead its Asia-Pacific operations. Under its Pacific Backbone initiative, the company will set up validator operations in Hong Kong, giving the city a larger role in operating the decentralized Solana (SOL-USD) network. "Asia Pacific is central to our strategy, and Hong Kong is the base from which we will advise institutions and build infrastructure across the region," said Joseph Chee, chairman and CEO.

Binance Invests $100M in Circle to Boost USDC Development

As bitcoin, ethereum and other cryptocurrencies see major legal, institutional, and technological developments, the financial landscape continues to adapt. Stay up on the crypto news that matters with the "Crypto Currents" weekly from The Fly. Also, join us for your essential daily recap, every day at 2 PM ET on FlyCast radio.BINANCE INVESTS $100M IN CIRCLE:Circle Internet Groupand Binance announced Tuesday anThe companies have entered into a new, five-year commercial agreement focused on expanding USDC access across emerging markets. Further, Binance has made a $100M strategic equity investment in Circle. Under the new agreement, Binance will accelerate the promotion, awareness, and integration of USDC on its platform, especially across emerging markets, and Circle will provide the infrastructure services that support holding and using USDC. Binance's equity investment in Circle was made through a private placement of Class A common stock at a purchase price reflecting a five percent discount to the market price of CRCL prior to closing. Binance has agreed not to transfer the shares for a period of up to two years from the closing date, subject to customary exceptions."Binance has built one of the largest and most dynamic platforms in the world for using digital currency, creating the internet's largest financial super app, and becoming the most widely used wallet in the world for dollar stablecoins," said Jeremy Allaire, CEO. "Together, we see incredible opportunities to leverage USDC to expand dollar access, support savings and investment with innovative digital asset products, and reach people and businesses throughout global emerging markets."Following the news, Clear Street reiterated a Buy rating and $107 price target on Circle. The firm views the development as an incremental positive for relationship optimization and supply visibility, as it secures USDC promotion to Binance's 300M+ users, deepens the emerging-markets dollar-access push, and lands ahead of OUSD's expected launch later this year. The equity stake aligns Binance with USDC's success, echoing Coinbase'sdistributor-shareholder model, the analyst said.FED PROPOSES FRAMEWORK FOR STABLECOIN ISSUERS:On Thursday, The Federal Reserve Board has requested public comment on two proposals related to establishing a regulatory framework for Board-supervised payment stablecoin issuers under the GENIUS Act. "The first proposal would require that Board-supervised payment stablecoin issuers fully back their stablecoins with certain permissible reserve assets, such as short-term Treasury bills and certain other high-quality, liquid assets. The proposal would also establish standardized capital requirements to address certain credit and operational risks of payment stablecoin activities, as well as risk management standards, in accordance with the law. Separately, the proposal would introduce rules for Board-supervised firms that safekeep the assets backing payment stablecoins. It would also clarify the permissibility of stablecoin and related activities for Board-supervised banks. The second proposal would establish a tailored application process for Board-supervised banks applying to issue payment stablecoins. These applicants would be required to submit a business plan and financial information, among other documents. The proposal would also create a process governing appeals, hearings, and final determinations for applications. The comment period will close 60 days after publication in the Federal Register," the Fed stated.COINBASE OFFERS ACCESS TO IPO ALLOCATIONS:Coinbase announced Monday that it nowfor retail traders in the U.S. "Coinbase is expanding access to primary financial markets by bringing initial public offering allocations to U.S. retail traders. Beginning with Oura's IPO this week, eligible customers can request shares at the offer price before open-market trading starts. This new feature is yet another step toward growing the Everything Exchange, as our US customers now gain early exposure to high-interest companies before they hit public exchanges," the company announced.Clear Street raised the firm's price target on Coinbase to $224 from $204 and kept a Buy rating on the shares. The company on Friday filed with the Commodity Futures Trading Commission to list cash-settled, perpetual-style futures on individual U.S. stocks, covering roughly 50-60 names including Apple, Microsoft, Nvidia and Tesla, the analyst said. Clear believes the filing can drive additional product launches at Coinbase and "challenge the status quo within the existing market structure." Perpetual futures on single stocks in the U.S. could arrive earlier than expected, added the firm.NYSE, BLOCKCHAIN.COM PARTNER FOR TOKENIZED SECURITIES TRADING:Blockchain.com and the NYSE Groupannounced Wednesday the signing of athat will provide Blockchain.com's user base access to tokenized U.S. exchange-listed equities and ETFs on the NYSE's previously announced digital ATS, subject to any required regulatory approvals. The collaboration seeks to broaden the NYSE's access to crypto-native investors through Blockchain.com's global customer base. Additionally, the MOU includes bidirectional market data distribution across the companies' respective platforms. NYSE's affiliated business, ICE Data Services, plans to distribute Blockchain.com's crypto market data and analytics to its subscribing clients, providing traditional investors with more intelligence about digital asset investment opportunities. Blockchain.com plans to incorporate certain ICE and NYSE exchange data feeds into its app, equipping more than 44 million confirmed accounts with access to real-time stock information."The future of capital markets belongs to institutions that unite the trust of traditional finance with the innovation and accessibility of digital assets," said Lynn Martin, President, NYSE Group. "Blockchain.com's international footprint and digital asset expertise make it a natural complement to our tokenized securities platform upon launch. We look forward to furthering their efforts to bring customers' trading activity onto the blockchain and giving them more data and choice in how they participate in the digital financial ecosystem."BITGET REPORTS $352M STOLEN IN HACK:Gracy Chen, CEO of crypto exchange Bitget, said in a Thursday X post that the company's security systems detected unauthorized transfers from some of its hot wallets, adding its security team activated emergency response protocols immediately. She said, "What we have confirmed: Estimated funds affected: approximately $351.6M; Cold wallets remain fully secure. Bitget operates a three-tier wallet architecture — the breach contained only a portion of the hot wallet and warm wallet layers; User funds are safe. The full amount of this loss falls within the coverage of Bitget's User Protection Fund, which currently holds over $464M. Actions we have taken: Emergency response team activated within minutes of detection; Abnormal transfer addresses identified, flagged, and reported; Withdrawals temporarily suspended as a precautionary measure, pending security review; Law enforcement and on-chain security firms have been formally notified and are engaged. What this means for you: Your account balances are accurate and your assets are protected; Deposits and trading remain fully operational; Withdrawals are temporarily paused and will be restored as soon as the security review is complete. What comes next: We will provide updates on an hourly basis across this channel and all official platforms. A full incident report — including root cause analysis and corrective actions — will be published within 24 hours. We will not speculate on the attack vector until the investigation is complete."OTHER CRYPTO NEWS:Forward Industries'SOL holdings, price target raised to $11 from $9 at B. RileySecuritizeinitiated with anRosenblatt ups target on 'significant positive' from SECBitmine Immersionreportsprice target raised to $34 from $30 at B. RileyDeFi DevelopmentaddsStrategypurchasesreports USD reserve of $5.04B as of September 20, price target raised to $195 from $175 at B. RileyStrivepurchases 1,355 bitcoin, reportsprice target raised to $44 from $32 at TD Cowen, to $33 from $26 at B. RileyBitGolaunchesappoints Greg Cipolaro as headIreninitiated with aTeraWulfinitiated with a, with a Buy at UBSCore Scientificinitiated with, with a Buy at UBSHut 8initiated with awith a Buy at UBSCipher Miningexpandsinitiated with a Neutral at Rothschild & Co Redburn, with a Buy at UBSHyperscale Datato formBullishprice target raisedLion GroupreaffirmsCME Groupto launchon October 19, pending reviewSoFi Technologies, MasterCardannounceB. Riley raises price target on Solana Companytoon Nakamototoon SharpLink GamingtoGalaxy Digital, Sky Protocol announceStreamexannouncesCRYPTO STOCK PLAYS:Publicly traded companies in the space include Bit Digital, Coinbase, Core Scientific, Mara Holdings, Strategy, Riot Platformsand TeraWulf.PRICE ACTION:As of time of writing, bitcoin rose roughly 4% this week to $83,856 in U.S. dollars, according to CoinDesk.